Motisons Jewellers Completes Qualified Institutions Placement of Over 13 Million Equity Shares
Motisons Jewellers Limited announced the successful closure of its Qualified Institutions Placement (QIP) on June 11, 2026. The Board of Directors confirmed the details regarding the issue of equity shares to eligible Qualified Institutional Buyers (QIBs).The company allocated a total of 13,57,46,600 Equity Shares under this placement. The determined issue price for these shares was set at ₹ 11.05 per Equity Share.
Key financial details concerning the placement and allocation are summarized below:
| Metric | Detail |
|---|---|
| Issue Price | ₹ 11.05 per Equity Share |
| Floor Price | ₹ 11.58 per Equity Share |
| Discount Amount | ₹ 0.5292 per Equity Share (4.57%) |
| Premium Amount | ₹ 10.05 per Equity Share |
| Total Shares Issued | 13,57,46,600 |
During the meeting of the Board of Directors held on June 11, 2026, Motisons Jewellers Limited approved several key outcomes related to the placement. The company confirmed the closure of the Issue following the receipt of application forms and funds from the eligible QIBs.
The board members also adopted and finalized the Placement Document dated June 11, 2026, connected with the equity share issue. Furthermore, the meeting approved finalizing the Confirmation of Allocation Note (CAN) that will be sent to the qualified buyers intimating them regarding the allocation of Equity Shares.
MOTISONS Stock Price Movement
Today, shares of Motisons Jewellers Limited rallied to close at ₹13.22 after trading higher by 8.62%. The stock saw heavy intraday activity, reaching a high of ₹14.1 and recording a total volume of 116.2 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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